LG New Energy Technology (Nanjing) Co., Ltd.(Nanjing) Co., Ltd.
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LG New Energy Technology (Nanjing) Co., Ltd. (formerly known as LG Chem (Nanjing) New Energy Technology Co., Ltd.) is a large-scale enterprise invested and built in China by LG Group of Korea on August 23, 2018. The company is located in Nanjing Jiangning Binjiang Development Zone.
The company covers an area of 670 mu with a total investment of 2 billion US dollars. The first phase of Binjiang factory was completed in September 2019, with a building area of 181,200 square meters. LG introduced fully automatic and intelligent advanced equipment to realize modern production and logistics management. The power battery project started mass production in October 2019, and it is planned to achieve full production in 2023. After the project is put into production, it is estimated that the annual output of power battery will be 32GWh, and the annual output value will reach 10 billion US dollars.
The second phase of Binjiang factory invested RMB 9.1 billion to build the second battery factory, which mainly includes: a new factory building (four floors above ground), three electrode production lines and seven power cell production lines in the pre-engineering of ternary lithium ion batteries. After the completion of this project, the annual production capacity of power batteries will be 21GWH/ year. The project covers an area of about 54,000 square meters, with a total construction area of about 153,000 square meters. It is planned to be put into production in April 2021.
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